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20120929
20121007
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WTTG (FOX) 1
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FOX
Oct 4, 2012 7:00am EDT
romney kept saying that the president wants it take $716 million out of medicare right away. and the president didn't really refute that. let's take a look at these comments. >> but on medicare, for current retirees, he's cutting $716 billion from the program. now, he says by not overpaying hospitals and providers, actually just going to them and say we're going to reduce the rates you get paid across the board, everybody is going to get a lower rate, that's not just going after places where there's abuse, that's saying we're cutting the race. >> $716 billion we were able to save from the medicare program by no longer overpaying insurance companies, by making sure that we weren't overpaying providers. >> i think i said $716 million. obviously it's billion. what's the truth here, do we know? >> yeah, there's a core effect here that's not in dispute which is that obamacare takes $716 billion out of the medicare system over 10 years. the president -- president obama is arguing that that came out of overpayments to insurance and other things that won't affect the care of patient
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